Aravive Inc (NASDAQ:ARAV) finished Friday with a subtraction of $0.0 to close at $0.13, an upside of 0.53 percent. An average of 3,622,960 shares of common stock have been traded in the last five days. There was a fall of -$0.0067 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 5,606,320 shares traded, while the 50-day average volume stands at 9,206,056.
ARAV stock has decreased by -24.53% in the last month. The company shares reached their 1-month lowest point of $0.1234 on 09/25/23. With the stock rallying to its 52-week high on 03/21/23, shares of the company touched a low of $0.11 and a high of $2.46 in 52 weeks. It has reached a new high 11 times so far this year and lost -90.00% or -$1.1880 in price. In spite of this, the price is down -94.63% from the 52-week high.
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Valuation Metrics
Aravive Inc (ARAV) stock’s beta is 2.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.06.
Financial Health
The quick ratio of Aravive Inc for the three months ended June 29 was 1.55, and the current ratio was 1.55, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $79.97 million compared to revenue of $9.14 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $18.01 million in the quarter, while revenues of -$49.96 million were grew 202.61%. The analyst consensus anticipated Aravive Inc’s latest quarter earnings to come in at -$0.29 per share, but it turned out to be -$0.12, a 58.60% surprise. For the quarter, EBITDA amounted to -$12.37 million. Shareholders own equity worth $73.56 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Aravive Inc (ARAV) price momentum. RSI 9-day as of the close on 29 September was 35.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 76.02%.
As of today, ARAV’s price is $0.1319 -4.83% or -$0.0067 from its 5-day moving average. ARAV is currently trading -11.41% lower than its 20-day SMA and -91.80% lower than its 100-day SMA. However, the stock’s current price level is -92.50% below the SMA50 and -91.80% below the SMA200.
The stochastic %K and %D were 18.24% and 19.77%, respectively, and the average true range (ATR) was 0.0175. With the 14-day stochastic at 18.45% and the average true range at 0.0268, the RSI (14) stands at 29.31%. The stock has reached -0.0069 on the 9-day MACD Oscillator while the 14-day reading was at -0.0102.
Analyst Ratings
The consensus rating for Aravive Inc (ARAV) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ARAV, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is ARAV’s price target for the next 12 months?
Analysts predict a range of price targets between $0.25 and $10.00, with a median target of $5.13. Taking a look at these predictions, the average price target given by analysts for Aravive Inc (ARAV) stock is $5.13.
